4/45 Dalgety Street, St Kilda VIC 3182

Ground floor in tightly held San Diego block | Art Deco character with sunroom | One car space in St Kilda | Heritage overlay limits changes | Rental yield near 6% The property’s position in the San Diego building offers a rare combination of ground-floor convenience and retained Art Deco proportions, which typically commands a premium in St Kilda’s owner-occupier market. The sunroom adds functional flexibility as a home office or reading space, broadening appeal beyond downsizers to professionals seeking walkability without sacrificing character. The included car space is a structural advantage in this suburb, and the tight holding pattern of the building suggests future supply constraints that support long-term value retention. This unit is best suited to a buyer prioritising lifestyle and location over renovation upside. Heritage overlay is the primary constraint here, limiting any significant alterations to the interior or facade, which may frustrate buyers expecting to modernise. The ground-floor position requires careful assessment of privacy, natural light, and security—especially given the building’s age and street exposure. On the commercial side, the rental yield near 6% offers a credible fallback if the buyer’s circumstances shift, though the low turnover in the building means resale timing may be less flexible. Hold this property for its location and character, not for capital growth from renovation.